OfBusiness reports 21% profit jump to ₹724 Cr in FY26
B2B e-commerce firm OfBusiness announced a 21% increase in its profit to ₹724 Cr for fiscal year 2026. The company is preparing for an initial public offering.
B2B e-commerce marketplace OfBusiness has reported a consolidated profit of ₹724 crore for the fiscal year ending March 2026, a 21% increase from ₹597 crore in the previous fiscal year. The company’s operating revenue remained largely flat at ₹20,645 crore.
Despite flat revenues, EBITDA rose by 34% year-on-year to ₹769 crore, with the EBITDA margin expanding significantly. OfBusiness attributed this margin improvement to deeper manufacturing integration and exiting lower-return business categories.
Its lending arm, Oxyzo Financial Services, also saw growth, with its asset base increasing by 28% to ₹11,822 crore and net profit rising 11% to ₹375.5 crore. The company's workforce more than doubled to over 30,000 employees during the year.
OfBusiness has been preparing for an IPO to raise between $750 million and $1 billion. The startup, founded in 2016, provides procurement and financing solutions to small and medium-sized enterprises in the manufacturing and infrastructure sectors.